Mining GFC takes the night off

Wednesday 16 December 2015

The Mining GFC took the night off last night as shorts were covered and everything reversed. Leading the way was oil which ripped higher a solid 3%:

Base metals fell on a stronger US dollar:

But emerging market currencies rose anyway:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.